To complement the revamped buy-to-let range, Aldermore has introduced new LTV tiers at 50% and 60% as well as maintaining 75% tiers on its commercial range.
Aldermore has reduced pricing across a number of LTV tiers and variable rates now start at 4.99%, while new 5-year fixed rates have been added to the range, starting at 6.39%.
Charles Haresnape, recently announced as Group Managing Director of Mortgages, said the relaunched range offered more products and flexible criteria.
“We are always looking at ways to improve our products and services and many of these changes have been made in response to feedback from our commercial mortgage brokers and customers,” said Charles.
“Commercial mortgages is a growing area of Aldermore’s business and we are keen to support the growth of this sector by offering a more extensive range.”
Fees have been reduced, including the removal of the fixed rate booking fee of £500, and fixed rate arrangement fees have been cut from 2.5% to 1.75% as arrangements fees can now also be added to the loan.
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